High-precision Merchandise Planning to Create the Right Product Mix and Inventory Levels Throughout the Season
Invent MerchPlan is a high-level solution for planning an organization’s sales, margin, inventory turns targets. MerchPlan provides a common configurable platform for a retailer’s current and future omnichannel planning needs.
Invent MerchPlan provides an intuitive strategic view of the business with drill-down capabilities and the key retail planning metrics. Users can edit merchandise financial plans at the highest and lowest levels within the defined product hierarchy.
Invent MerchPlan supports top-down financial planning and bottom-up category and store plans. It creates an environment that allows effective collaboration across the organization, reconciling all plans to the strategic business targets.
Brand-Category Sales Plan
Data-driven sales plans, weekly or monthly, for each product category for each channel. Invent MerchPlan automatically creates sales plans based on past year financial performance, trends, and growth strategy of the firm.
Pricing Analysis and Strategy
Past performance of price groups in each category is evaluated to determine a pricing strategy – with detailed markup and expected margin plans.
Inventory In-take Plan
Sales plans are converted into an Inventory-In-Take Plan to create the desired inventory turns.
Collection Plan/ Option Plan
Optimal assortment breadth -number of options- is determined based on detailed analyses of SKU productivity.
Open-to-buy Budget Management, Dynamic In-season Forecasting
MerchPlan enables the retailers to monitor their inventory spending and control their open-to-buy budget throughout the season. Dynamic in-season forecasting allows managers to proactively adjust plans according to changing demand and inventory conditions.
Improved inventory financial performance
Optimal assortment breadth
Localized assortments at each store
The right products to the right stores at the right times
Simpler and more productive planning processes for category managers,
Invent MerchPlan leverages cloud for agility, flexibility and return on investment. MerchPlan requires no IT investment and is offered as a pay-as-you go plan.
Smart Reports on Tableau
Invent MerchPlan provides the users with customizable reports to monitor sales targets and financial performance. MerchPlan utilizes the visualization tools of Tableau.
Can be integrated with all ERP systems seamlessly. The user interface can be accessed from any HTML5 compatible device.